Is this lending site, by any chance, BTCJam?
It's full of scammers that take out "reputation" loans, and then default on a bigger one.
Topic: Lending to risky individual (Read 725 times)
I personally wouldn't lend any amount I wasn't comfortable losing, period.
This. Just don't lend if you can't take the risk.
legendary
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Core dev leaves me neg feedback #abuse #political
I personally wouldn't lend any amount I wasn't comfortable losing, period.
I personally know better. But I'm trying to figure out why others are taking that risk. I can only think ignorance.
Maybe they didn't investigate, or assumed those were the terms of the loan?
I personally know better. But I'm trying to figure out why others are taking that risk. I can only think ignorance.
Not really, wouldn't lend without collateral, as monbux stated. One out of a few loans defaulted should still mean something.
I wouldn't lend them unless they provided a collateral that I was able to liquidate at any given moment for 110% of the initial loan, maybe more, depending on how stable it was.
I have to ask. I seen on a bitcoin lending site today an individual who I would consider to be very risky. They have taken out and and paid back several 1 btc loans. While reviewing their history, I noticed that one load was defaulted for a year before it was repaid.
Would you lend to them? I would not shake a stick in their direction. I see several users invested in their loan. Maybe they are ignorant?
Would you lend to them? I would not shake a stick in their direction. I see several users invested in their loan. Maybe they are ignorant?
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